Real Estate News

VANCOUVER — The Real Estate Board of Greater Vancouver says last month's home prices rose from June amid strong sales figures and low levels of housing inventory. The board says the composite benchmark sat at just over $1.2 million in July, up 0.

CALGARY — The Calgary Real Estate Board says rising interest rates had little impact on last month's home sales, which reached a record level for July. The Albertan board says sales for the month totalled 2,647, up 18 per cent from the prior July.

TORONTO — Urbanation Inc. says Greater Toronto Area new condo sales experienced their slowest first half of the year since 2013.

ST. BERNARD, N.S. — A large, deconsecrated Roman Catholic church in southwestern Nova Scotia that was facing demolition has been sold. A news release says the St.

VANCOUVER — A British Columbia real estate agent has been fined $20,000 after being caught on camera drinking milk straight out of the jug at a home he was showing.

Toronto's downtown office vacancy rate hit 12 per cent in the second quarter, up from 11.6 per cent in the first quarter to continue an upward trend, according to Avison Young. That rate is far higher than the 2.

OTTAWA — Canada's housing agency says the annual pace of housing starts in June posted its largest month-over-month increase in a decade to slightly reverse a downward trend seen in recent months. Canada Mortgage and Housing Corp.

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands this year, a 6.

TORONTO — Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts.

TORONTO — The average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes and population expansion, according to a new report by Rentals.ca and Urbanation.